News

Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency

Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.

Samsung plans up to $80 billion in shareholder returns after SK Hynix buyback

Samsung Electronics plans shareholder returns totaling 90 trillion won to 110 trillion won, including about 30 trillion won in third-quarter cash dividends.

Labubu maker Pop Mart shares fall as key ex-China sales data drop, Citi cuts price target

Pop Mart shares fall after announcing first-half earnings.

Chinese humanoid robots' biggest obstacle: humans are still (mostly) better

Humanoid robots still struggle to perform as efficiently as humans in most labor scenarios.

China is defying the global bond yield surge, boosting its diversification appeal

Chinese government bond yields have remained low amid a global surge.

Fed officials saw need for rate hike if inflation doesn't cool, minutes show

The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.

Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters

The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.

Retail investors aren't entirely giving up on AI trade, but they appear more cautious

Mom-and-Pop investors remain bullish on AI and tech, but some are adding downside protection.

Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman Sachs found that AI is starting to weigh on employment across developed economies.

What Chinese liquor maker Moutai's slump says about the country's economy

Kweichow Moutai's half-year report showed a rare drop in net profit, following the first annual drop on record.

Analysis: Bond market pressure is squeezing Main Street as Wall Street waits on Warsh

A sell-off in long-term Treasurys is raising borrowing costs, exposing how debt, AI spending and energy are turning the bond market into a political problem.

Kalshi seeks to launch ‘perps’ on equity indexes as it moves in on traditional exchanges' turf

The company is seeking to launch a "US500" perp tied to the MerQube U.S. Large Cap Index, according to a regulatory filing.
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